Two key gauges of US economic activity diverged in first quarter
The government’s two main measures of US economic activity diverged in the first quarter, with one gauge painting a picture...
Ford’s CEO sees car prices dropping 5%, putting pressure on Tesla
Ford Motor Co. expects auto prices to fall by more than 5% this year and next as dealer inventories grow,...
US jobless claims tumbled last week after fraud-inflated jump
Applications for US unemployment benefits fell by the most since 2021 after fraudulent claims in at least one state boosted...
US retail sales increase in sign of steady consumer spending
US retail sales increased in April, suggesting consumer spending is holding up in the face of economic headwinds including inflation...
US households show signs of stress as new delinquencies rise
US households showed signs of increasing financial stress in the first quarter, with credit card balances not declining in the...
Fed gets room to hold in June as inflation shows sign of cooling
Signs of moderating price pressures in April will give Federal Reserve officials room to pause their aggressive tightening campaign next...
Fisker’s debut SUV delayed by lingering software problems
Fisker Inc. is facing delays delivering its debut electric SUV to customers because of problems integrating software into the vehicles,...
The Fed raises US rates by a quarter point, signaling possible pause
The Federal Reserve raised interest rates by a quarter percentage point and hinted it may be the final move in...
